The benefits of outsourcing your bookkeeping

Bookkeeping is a little like a health check: skip it for long enough and small problems become serious ones. Every business needs it, whatever its size, yet it is often the first job pushed aside. If you can't find the time, it makes sense to have someone else do it.

More time

Handing over your bookkeeping frees time for running the business and planning its next step.

Lower cost

An outside bookkeeper costs less than putting a bookkeeper on your payroll, with the wages, super and leave that come with it. You pay for the work you need, when you need it.

Expertise on your side

A professional bookkeeper does this work every day, knows the rules and spots problems early. A bookkeeper who prepares your activity statements for a fee must be a registered BAS agent or tax agent, so check the Tax Practitioners Board register.

A focused team

One person can't be expert in everything. A practice with several bookkeepers and accountants can cover more and check each other's work. If you already have someone in-house, outside help lets them focus on the tasks that need to be done on site.

Room to grow, or shrink

Outside help grows with your business and scales back in quieter times, which is hard to do with a fixed in-house role.

Talk to your accountant about who keeps your books and what it would cost to hand them over.

Running a business? We work only for accounting and financial planning firms, so please talk to your accountant about your business. For business owners explains how.

General information only, not advice for your situation. Please check the rules that apply to your firm and your clients.